Part 1 : Conveyancing Practice and the Deeds Registries Act Flashcards
What is conveyancing in general? What does it deal with and what activities?
Chapter 1 - 1
It deals with immovable property. More specifically, the transfer, hypothecation, and other acts associated with immovable property. It is also the branch of law that deals with the preparation of documents associated with the lodgment, registration and signing of documents for immovable property.
The records of properties that conveyancers deal with are provided for in 2 documents. What are these documents?
Chapter 1 - 3
Information regarding the property in the title deed and diagram or general plan on which the property is plotted and filed in the office of the Surveyor-General.
What department in government does the deeds registry fall under?
Chapter 1 - 4 to 5
The Department of Rural Development and Land Reform.
Can a power of attorney be prepared by an attorney who is not a conveyancer?
Chapter 1 - 5
Yes, Regulation 44(1) allows for this.
What is the Act number and year for the Deeds Registeries Act
Chapter 1 - 6
47 of 1937
What is the difference between a RCR and CRC?
Chapter 1 - 7
RCR - Registrar conference resolution.
CRC - Chief Registrar’s circulars
There are 2 types are endorsements. Name them and explain each one?
Chapter 1 - 10
Factual endorsement, this is to correct an error such as name or extent of land and registration endorsement, this is to transfer ownership.
What is the difference between a diagram and a General Plan
chapter 1 - 9 to 10
A diagram is a single property whereas a General Plan depicts multiple properties and is generally used for a township development.
True or false : does a long term lease fall within the definition of immovable property.
chapter 1- 11
True - A lease will be regarded as a long term lease if over 10 years and will be regarded as immovable property.
What is the difference between a mortgagee and mortagor
Chapter 1 - 13
A mortgagee is the bank and the mortgagor is the owner who gives his property as security.
What are the three types of registers and supply details in respect of each?
Chapter 1 - 14
1) the Land register - registration of farmland and agricultural holdings 2) township register - titles in township erven 3) Sectional title register - deals with titles in sectional title units.
What 6 documents can the Registrar sign alone without a conveyance?
chapter 1 - 14
1) a certificate of registered title 2) a certificate of consolidated title 3) a certificate of uniform title 4) a certificate of township or settlement title 5) an expropriation transfer 6) a deed of transfer by order of Court.
Exam Question : What is the difference between a deed of transfer and a certificate of title?
Chapter 1 - 15
A deed of transfer is used to transfer property from one person to another and serves as proof of a person’s ownership. A certificate of title serves as proof of who the property owner is, but cannot be issued to transfer ownership.
Describe what a title deed is?
Chapter 1 - 15
A title deed is any deed that proves a real right in immovable property.. It can be ownership in the form of a deed of transfer, a debt in the form of a mortgage bond, a limitation on enjoyment in favour of someone else in the form of a servitude.
Note : In the exam, the rference to title deed is the deed of transfer.
Exam Question : Explain the difference between “attest” and “execute”
Chapter 1 - 15
Attest means you sign as witnesses and execute is done by the conveyance and registrar of deeds signing a deed.
What is the difference between trasnferor and transferee
Chapter 1 - 15
Tranferee is the one receiving the property (new owner), while transferor is the seller.
Exam Question : What do you understand by the terms “restrictive Real Right? Explain providing examples.
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chapter 1-16
A restrictive real right is a right which limits rights of the owner.
1) Land which us subjec to a mortgage bond cannot be transferred without the bondholder’s consent. THe mortgage bond restricts alienation.
2) A servitude registered over land in favour of another person or another peice of land restricts the rights of the owner of that land.
wherein attending to the transfer it is important to obtain the Title deed as this will provide for any restrictions prohibiting the transfer or requiring the consent of the third party. name and give some examples of such restrictions?
Chapter 2 - 7 to 8
1) Pre-emptive right - This is a right created in favour of someone (usually the previous transferor) to buy the property back. If the pre-emptor refuses to exercise the right, the restriction falls away. 2) Restriction on Alienation - Consent from a third party for clearance. The Property may be subject to the consent of third party whose consent is required (I.e, homeowners association) 3) Reversionary Right, this is a condition in the title deed that on the happening of a certain event, ownership is to revert to another person.
Certain “Preliminary” documents are needed and which must be kept on file. Name these documents.
Chapter 2 - 9 to 11
1) Sale agreement 2)Computer printouts in respect of property and parties 3) Identity documents 4)Marriage Certificate 5) antenuptial contract 6)wherein a party is a juristic person, resolutions and founding documents such as memorandum of incorporation. 7) prescribes documents as provided for in Fica.
There are various affidavits and resolutions that are to be signed by the Seller, what are these affidavits and what other documents may be needed?
chapter 2 - 12
1) Affidavit regarding martial status 2) Affidavit that the seller is not insolvent, and if sequestrated, has been rehabilitated 3) Fica affidavit - in respect of the identity of the seller 4) Resolution in respect of a company 5) certificate from accounting office for juristic persons 6) Authority by seller - this is a document that allow the conveyance to settle debts from the proceeds from the sale. 7) Affidaivt re vender - affidavit that the seller is a VAT vendor. These affidavits are for record purposes and are not lodged.
Wherein you are drafting the deed of transfer, what documents will be needed?
1) Computer printouts, 2) Sale agreement, 3) Power of attorney 4) title deed.
Consent may be needed wherein you are transferring land, what kinds of consent are there?
1) title conditions - this is consent that is required in terms of the title deed and which can come in the form of consent from a homeowners association 2) legislation consent - an example is provided for in terms of the matrimonial Property act wherein the other spouse married in community of property is required to give consent.
Exam Question : Set out the steps to be taken as from the moment the Seller instructs you as a Conveyancer to attend to the transfer of the property registered in the name of the Seller up to the stage when the documents are ready for lodgement. The property is subject to a mortgage bond. The agreement of sale was drawn by an agent and has been signed. The purchaser has obtained a loan for an amount equal to the purchase price.
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Chapter 2 - 24
1) Conduct a search in respect of property and parties to confirm details and whether any bonds or interdicts are registered against the property. 2) Ask for personal documents from the purchaser and seller. 3) Call for the title deed and guarantee requirements (cancellation figures) from the existing mortgage bondholder. 4) Prepare all transferring documents and call purchaser and seller in to sign. In addition, supply proforma accounts to the purchaser and the seller for deposits for costs. 5) Apply for clearance figures and clearance certificates for any third party whose consent might be needed (Homeowners association). 6) Call for guarantees from attorneys that are attending to the registration of the bond new bond. 7) when you receive the guarantees send same to the bond cancellation attorneys of the existing bond. 8) attend to simultaneous lodgment with the bond and cancellation attorneys.
What 5 documents are always lodged with a transfer?
Chapter 2 - 25
1) Deed of transfer 2) Power of attorney 3) Title Deed 4) transfer duty receipt (Tax for getting a house 5) Clearance certificate (Rates and taxes)